N5 1.6 - Internal factors

Internal factors are things ​ (a)   the business that impact how it ​ (b)   .

• within
• operates

The more ​ (a)   a business has available the more able it is to ​ (b)   or profit ​ (c)   .

• finance
• survive
• maximise

Place the different factors under the correct heading, are they an internal or external factor?

Groups:

(a) Internal factors

,

(b) External factors

• Competitive

• Human resources

• Political

• Finance

• Technology

• Economic

• Environmental

• Technological

• Social

A lack of finance might mean that - a ​ (a)   cannot be bought. Staff cannot be ​ (b)   , or more ​ (c)   cannot be employed. An ​ (d)   campaign cannot be ​ (e)   out.

• machine
• paid
• staff
• advertising
• carried

A lack of finance may mean that - ​ (a)   have to be obtained from the bank. Raw ​ (b)   cannot be ​ (c)   for.

• loans
• materials
• paid

A skilled and committed workforce can lead to - new ​ (a)   being developed. High ​ (b)   products being made. ​ (c)   customer service. Which all leads to the business gaining a ​ (d)   reputation, ​ (e)   profits and sales.

• products
• quality
• Excellent
• positive
• increased

Having demotivated, unhappy and unskilled staff will lead to...

• An increase in the number of consumers having a positive experience

• Employees may carry out their work to a poor standard

• There will be an increase in sales and profits

• They can take industrial action (going on strikes, protests etc)

Technology - having lots of equipment and ​ (a)   can mean that the businesses ​ (b)   will be produced more quickly, to a ​ (c)   quality, and at a ​ (d)   cost.

• machinery
• products
• higher
• lower

Technology as an internal factor has many positives, however (a)   is ​ (b)   to buy and ​ (c)   . Machinery can break down why may lead to ​ (d)   being halted. ​ (e)   equipment may mean orders can't be processed quickly.

• machinery
• expensive
• maintain
• production
• Out-of-date